Commonly used instruments for the identification of monetary policy disturbances are likely
to combine the true policy shock with information about the state of the economy due to the …

Does policymakers' choice of words matter? We assess empirically whether the tone of
FOMC statements contains useful information for financial market participants and explore …

Monetary policy affects private sector expectations through not only its actions, but also its
communication. In this paper, we adopt a novel approach to compare the impact of central …

This research paper explores the contributing factors behind the success of 146 ICOs from
June 2017 to November 2017 by analysing the role of ICO characteristics, team quality and …

This paper investigates the instantaneous and dynamic effects of ECB forward guidance
announcements on the term structure of interest rates. We estimate the static and dynamic …

We explore empirically the theoretical prediction that optimism or pessimism have aggregate
effects, in the context of monetary policy. First, we quantify the tone conveyed by FOMC …

This article assesses the transmission of ECB monetary policies, conventional and
unconventional, to both interest rates and lending volumes or bond issuance for three types …

We aim to investigate the simultaneous and interacted effects of central bank qualitative and
quantitative communication on private inflation expectations, measured with survey and …

Abstract The European Central Bank publishes inflation projections quarterly and we aim to
establish empirically whether they influence private inflation forecasts and whether they may …

We propose a theory-based method to assess the impact of central banks' inflation forecasts
on private inflation expectations. We use regressions derived from a leader-follower model …